Business Sandesh Indian Newspaper | Articles | Opinion Pieces | Research Studies | Findings & News | Sandesh News
A colossal $1.95 billion Bitcoin (BTC) trade by Galaxy Digital, acquiring 4,272 BTC in Q2 2025, has rattled crypto markets, coinciding with President Donald Trump’s executive order establishing a Strategic Bitcoin Reserve. The order, signed March 7, 2025, mandates holding 200,000 seized BTC, worth $17 billion, and explores budget-neutral acquisitions, per White House Crypto Czar David Sacks. However, it disappointed investors expecting aggressive buying, causing a 5% BTC price drop to $85,000 before recovering to $113,906.
The $1.95 billion trade, boosting Galaxy’s holdings to 17,102 BTC, signals institutional confidence but also sparked sell-off fears as large transfers hit exchanges. On-chain data shows increased exchange inflows, often a precursor to liquidations. Technically, BTC’s rejection below $115,440 resistance, forming a bear flag on 4-hour charts, warns of a potential drop to $108,000 or $100,000 if support fails. Bearish signals like declining volume and RSI divergence add pressure.
Trump’s order, aiming to make the U.S. the “crypto capital,” also created a Digital Asset Stockpile for seized tokens like XRP and Solana but avoids new purchases, dampening bullish hopes. Critics, including Ethereum’s Vitalik Buterin, argue it risks centralizing crypto’s decentralized ethos. Industry leaders like Coinbase’s Brian Armstrong advocate for Bitcoin-only reserves, citing volatility concerns for altcoins.
With $58.5 billion in daily BTC volume and regulatory uncertainty lingering, traders eye $116,912 as a key breakout level. Galaxy’s bet and Trump’s policy shift signal a pivotal moment, but a correction looms if bearish patterns persist.
